Domestic edible oil liquor instant noodles together prices and fear of more products

International agricultural product price pressures are gradually transmitted to domestic end-products. Recently, due to the increase in prices of agricultural products, not only has the agricultural products exported by China risen rapidly, but also there has been a new round of increase in edible oil in the domestic market, and adjustments have been made with the industry leader Master Kong and Gujing Distillery respectively. The prices of some of its high-end products, related instant noodles and high-end liquor industries are also facing price pressures.

Edible oil: limited price increase during the year The recent price is now a new round of rising edible oil: limited room for price increases during the year. According to Xinhua News Agency recently, there has been a new round of rise in edible oil prices in various parts of the country, and consumers in some areas have triggered buying. However, the analysis is expected to have limited room for rising domestic edible oil prices during the year.

A number of companies raised the price of edible oil to a large supermarket in Guangzhou and revealed to reporters that Jinlongyu had informed the supermarket at the end of October that the price of all varieties of Jinlongyu edible oil sold will increase by 10%.

In this regard, the relevant person of the Guangdong Provincial Price Bureau said that from January to October, the combined average retail prices of four major edible oils including Guangdong rapeseed oil, soybean oil, peanut oil, and soybean blend oil rose by 0.1% year-on-year. In the third quarter, the combined average retail prices of the four major edible oils fell slightly by 0.33% from the previous quarter, which was an increase of 1.1% year-on-year.

According to the Bureau’s understanding, recently, many retailers in the Guangdong market did receive a price adjustment notice. Yihai Kerry and other companies plan to raise the price of their edible oil brand products by about 10%.

Why is there a wave of rising oil prices? The price analysis department of Guangdong Province believes that, on the one hand, the current soybean and other international agricultural futures prices have risen sharply, resulting in the recent increase in the price of imported soybeans in China; on the other hand, the National Grain and Oil Information Center and other agencies have predicted that rapeseed in China will reduce production by 5% year-on-year. Around the same time, soybeans produced or reduced production by 1.3%; the total imports of edible oils and edible oils decreased by 4% year-on-year, which also contributed to the increase in edible oil prices.

It is unlikely that there will be a big uptrend in the market. The price of Guangdong's edible oil, customs and other departments believes that there is little possibility that the price of edible oil will increase sharply in the future.

According to relevant statistics from Guangdong Huangpu Customs, according to statistics, soybean import prices have risen consecutively in March since July, but have continued to decline year-on-year since May, and the actual production cost is not expected to reach the peak season of edible oil sales in the Spring Festival. Higher than the same period last year.

The Guangdong Provincial Price Bureau also believes that the current rise in edible oil is a normal rebound after falling continuously. Since last year, China has gradually established and improved the edible oil reserve system at all levels of government and is currently capable of ensuring an effective supply of the market.

High-end liquor raises prices and raises price of Gujing Gong wine by 5% to 20%

High-end spirits raise prices again (Reporter Huang Pei) Gujing Gongjiu issued an announcement on Saturday and decided to start from October 29 to optimize and adjust the price system for Gujing Distillery's original pulp series, with a specific upward adjustment. 5% to 20%.

This is already the 5% to 20% increase in the sales price of the Guzhi Distillery products for the “Gujing Distillery” year since March 26 this year, and the “Gujing Distillery” series of red wines and gold awards since January 1st. The third price increase after partial product price increases of 5%.

Nearly the peak season or the rising price trend It is reported that in July of this year, the price of high-end liquor prices has continued to grow. In August, Maotai, Wuliangye, Guojiao 1573, and Shuijingfang all increased their prices.

Every year during the Mid-Autumn Festival and the Spring Festival, high-end white spirits have been announced to raise their prices. These days, it is at the timing of the Spring Festival that Gujing Distillery announced price increases. One of the raw materials for white wine this year is rising food prices, coupled with regulations such as liquor consumption tax, which further supports manufacturers' price increases. A new wave of liquor prices may set off.

Master Kong's classic bag surface price rises 10% from now on

(Reporter Huang Pei) The Giant Master Kong has taken the lead in starting price increases. According to an announcement released last week by Master Kong (0322. HK), starting today, the “Classic Bag Series”, which accounts for up to 30% of sales, will increase its price by 10%, and the retail price of each pack will increase from 2 yuan to 2.2 yuan. Other instant noodles prices remain unchanged.

Master Kong said that this increase was mainly due to the rise in raw materials, such as the price of flour, palm oil, starch and other seasoning ingredients (such as onions, ginger, garlic, etc.) used to make instant noodles, accumulated since the beginning of the year. The increase has reached 15% to 100%.

Goldman Sachs stated that if Master Kong keeps production costs high, it will raise prices or spread more products.

It is understood that in 2007 due to rising costs of instant noodles, there has been a "collective price increase." Previously, although many brands such as Master Kong did not increase their prices, they all reduced their weight through “slimming” methods to cope with rising costs. Master Kong's price increase will play a linked effect, setting off a tide of instant noodles.